Apple, the company behind many popular electronic devices including the iPhone and the iPod Touch devices has seen a huge boost in profits. The company posted their results for the fourth quarter of the year yesterday and they saw a huge increase in their profits. However, despite this huge increase in their profits, their share price fell shortly after the results were announced.
Apple is one of the largest companies around at the moment and they saw their profits increase by almost 70% as the results for the fourth quarter earnings were posted yesterday. However, shortly after the results were posted, the company’s share price fell by almost 6%. This has left a lot of people wondering why as the profit report was so good; however, the reason is mainly down to the iPad. Although Apple saw record numbers of iPhone sales in their fourth quarter results, they found that they hadn’t sold the number of iPad devices that they had predicted. Apple released the iPad just a few months ago and they were predicted to sell around 5 million units, however, they have fallen short of this target selling just over 4 million. This is due to production problems and Apple claims that this problem is now resolved.
Their fall in share price was also due to the profit margins of their latest products being slightly lower than the older iPhone models and their Macbook computers.
Check Out These Too:
- The latest news about iPad 3 One thing is sure: it was not long after the iPad launch in early 2010, until the tablet reach the most important producer of finance of the company, after iPhone.…
- Apple Releases Macbook Pro on Steve Jobs Birthday One of the most well known products that Apple makes is the Macbook device and if you have a little more to spend, you can also opt for a Macbook…
- Apple Reaching 30 Million iPhone Sales in a Quarter The iPhone has been an incredible hit for Apple. In the past few years it has become the top dog in terms of phone device sales and according to the…
- Apple - Samsung Battle Continues in Australia It seems that the Apple Samsung War is on its peak. What will happen to these two companies after this battle? Who will survive? Who will fall? It's like when…
- Apple and Google in Subscription War This week, Apple announced that it would be starting a subscription based system for content on the iPad and iPhone devices. The system would act a little like the app…
- HP Take on Apple in Tablet Market One of the most innovative and successful products that has been released in the past year has been the Apple iPad device. This has completely changed the way that we…
- Apple Officially Overtaken by Android For Facebook Usage Today Android officially over took Apple's iOS devices in one small but important sector. According to the latest study results from AppData iOS has now fallen slightly behind Android in…
- Apple to become World’s Largest Company Apple is already pretty well known and there are millions of people all around the world that own one of their products. Over the last few years, Apple has been…
- Acer Boss Quits Because of Apple iPad Tablet The boss of the computer manufacturing company; Acer, has resigned from his position at the top of the company. Acer is the second largest computer manufacturer in the world after…
- Apple Shows their Strength with Cash Apple has always been known to continuously work and improve their income and revenue and today that is increasingly evident through their abundance of cash. According to most recent reports…
- Apple iPad Makes Up 82 Percent of US tablet PC Market We are all aware of the huge success of the Apple iPad tablet PC device and since it was released last year, Apple has released the iPad 2, the next…
- Apple release iOS 4.2 Update for iPhone and iPad Apple is always striving to improve the usability of their products and often, they release new version of the firmware that runs on the devices in order to improve the…
- Apple Planning to buy Memory Chip Company Apple is apparently in the process of acquiring another new company which will likely help boost the company in a variety of different ways. Apple has always been working hard…
- Apple iPhone 5 Could Arrive Late due to Overheating The next generation of the Apple iPhone is expected to be released by Apple shortly and there have been rumours that it will even be released as soon as this…
- Apple Being Sued for Caller ID System Apple is yet again in legal trouble for what could be another case of patent infringement. This time the patent in question is surrounding an advanced caller ID system which…
- Apple White iPhone Will Be Available By The End of April It has already been 10 months since rumored white iPhone came into being that immediately thrilled iPhone users and other technology geeks. This rumor has also been reported in Bloomberg…
- Various iOS Devices Top Kid's Christmas Lists Each year various companies study what exactly kids and teens want for Christmas in order to develop marketing plans and this year the results are not surprising at all. On…
- Apple beats Blackberry in Smartphone sales For a long time now, Blackberry has been one of the most popular Smartphone’s on the market and they are manufactured by a company named RIM. One of the things…
- China Telecom to offer iPhone in the Last Quarter Reports said on Wednesday that China Telecom Corp Ltd is planning to launch Apple Inc iPhone to its 106 million subscribers starting November this year. This leap would actually help…
- Spider Man: Total Mayhem iPhone App Review We all know that one of the best uses of the iPhone and the iPod Touch is of course for gaming. There are many different types of games out there…
- Apple CEO Steve Jobs May Only Have Weeks to Live Apple is one of the most well known companies in the world and there are rumours that buy the end of next year, it could actually be the largest company…
- Apple set to buy Netflix Apple already has a huge range of products under its belt and they offer some of the best products around at the moment. The iPhone and iPad are some of…
- Ebay Release iPad 2 Sales Data Today, the popular auction website eBay has released the sales data for the iPad 2 sales over the last few weeks. We have yet to receive any word from Apple…
- How Do You Fix a Wet iPod? Have you got wet Ipod? And you do not know how to fix it? Listed below are the answer of your wet ipod problem. Using an iPod in everyday…
- Apple Removes Adobe Flash from their Mac’s Apple is one of the most well known companies in the world when it comes to technology at the moment and over the last few years; they have been responsible…
- Apple iPad 2 Supplies Starting to Improve Ever since the release of the Apple iPad 2 in many countries around the world in the last month or so, there has been a huge shortage of the devices.…
- Apple iPhone 5 Being field tested by AT&T AT&T is one of the largest networks in the United States and previously, they have been the network that have been the first to get their hands on the latest…
- 5 key moments in the mobile tech area It was a great year for tablets and smartphones, but not all companies involved were able to come up victorious at the end of the year. There have been movements…
- iPhone App Privacy Risks Found The iPhone is one of the most popular mobile phones on the planet at the moment and Apple have built up a huge range of apps for the devices that…
- Apple Sues Rival Samsung Company Apple is one of those companies that is well known for their legal battles with other companies and the latest victim of their brutal legal forces is the Samsung company.…
